could hurt property investment tax changes and Australias underperforming

Could hurt property investment tax changes and

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could hurt property investment tax changes, and Australia's underperforming property market is expected to recover. Property Bubbles The property bubble is one of the important research areas of the Australian property market due to the negative impact of housing prices and the economic downturn on the property industry (Beer, Kearins& Pieters, 2007). Some researchers blamed the rising house prices on the state's restrictions on land supply, which pushed up the cost of land, land and housing, while others blamed the problem of restricting housing supply. Supporting Evidence After the stock market crash in 1987, the seemingly safer property industry attracted huge sums of money from the stock market, as well as low interest rates and some economic stimulus policies. House prices rose by about 58.5% during the same period (Apergis & Lambrinidis, L. (2011) When people leave the stock market, many people sell their stocks and put them into the commercial and personal housing market. During the period 1990-2000, the Sydney office market had experienced the lack of proper lending, developers and investors in the property market. Understanding and causing serious losses (Hendershott, 2000). Urban policies and development have led to an increase in high-density housing such as apartments, which has become a major feature of the Australian urban residential market (Randolph & Tice, 2013). Incorrect property development practices and Negative attitudes during construction have also led to a decline in the property industry. Due to oversupply in the apartment market, developers have reduced their size and construction activity, which in turn will lead to a significant drop in gross domestic product (GDP). For example, at Wentworth Point
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alone. More than 3,000 units of apartment buildings are still being planned or completed, some large items. For the foreseeable future, it will continue to be shelved. However, after the financial crisis, Australia actively realized the liberalization of the mortgage market and experienced a serious impact on housing prices after 2000 (Murphy, 2011). During the period, it rose wildly until people's income and rent tolerance were unbalanced. However, from 2003 to 2012, house prices remained stable within the range of people's income and affordable rent (Warren-Myers, 2016). Since 2012, compared with people's Income and rent, housing prices rose again strongly. Especially in the past five years, Sydney's property industry has experienced a very prosperous period, among which buyers from Asian countries have emerged, ushered in the peak sales of property. Housing Shortage Myth In recent years, even if the local government's policies are favorable to the property industry, the number of potential buyers has declined, showing a relatively balanced supply and demand situation. The combination of a sharp drop in the number of buyers and oversupply has led to a continued decline in Australian housing prices.
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